Orange County NC Website
DRAFT <br />STATE O~ NORTH CAROLINA <br />DEPARTMENT OF ENVIRONMENT AND NATURAL RESOURCES <br />DIVISION OF WATER QUALITY <br />2 <br />State Loan or Grant Offer and Acceptance <br />This Offer must be accepted, if at all, within forty-five (45) days of receipt. <br />This Offer is made subject to the attached Standard Conditions and Assurances <br />Legal Name and Address of Award Recipient <br />Orange County <br />P.O. Box 8181 <br />Hillsborough, NC <br />State Project Number: E-SRF-T-IO-OXXX <br />Federal Project Number: C5370884-01 <br />CFDA Number: 66.458 <br />Project Description: <br />Account <br />Clean Water-State Revolving Fund (SRF) <br />State General Loan (SRL) ^ <br />Stag Emergency Loan (SEL) ^ <br />High Unit Cost Grant (SRG) ^- <br />Technical Assistance Grant ^ <br />Efland and Buckhorn Community Sanitary Sewer System Improvements <br />Total Financial Assistance Offer: 3,500,00. Interest Rate: 2.445% Per Annum <br />Total Project Cost: $ 5,555,898 Maximum Loan Term: 20 Years <br />Closing Fee (2%): $ 70,000 (Actual invoiced closing costs will be calculated based on bids) <br />Consideration having been given by the Department of Environment and Natural Resources to the application <br />submitted by the applicant pursuant to North Carolina General Statute 159G, (1) the applicant is an eligible unit of <br />government, (2) the project meets the eligibility criteria for a State Loan or Grant, and (3) the project has been <br />approved and certified by the Department of Environment and Natural Resources as being entitled to priority for <br />State financialassistance, <br />The Department of Environment and Natural Resources, acting on behalf of the State. of North Carolina, hereby <br />offers the financial assistance describedin this document. <br />ForThe State of North Carolina: Dee Freeman, Secretary <br />North Carolina Department of Environment & Natural Resources <br />Signature Date <br />On Behalf of: County of Orange <br />Name of Representative in Resolution: <br />Title (Type or Print): <br />I, the undersigned, being duly authorized to take such action, as evidenced by the attached CERTIFIED COPY OF <br />AUTHORIZATION BY THE APPLICANT'S GOVERNING BODY, do hereby accept this State Loan or Grant offer and <br />make the assurances and accept the conditions. <br />Signature Date <br />